The Best Mortgage Lenders in Auburn, WA
Compare verified mortgage lenders serving Auburn, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Auburn
Featured Mortgage Lenders
Guild Mortgage - Auburn Branch
Guild Mortgage Company
Guild Mortgage's Auburn branch maintains exceptional local ratings with deep expertise in Washington state mortgage lending. They specialize in personalized service for first-time homebuyers and offer a comprehensive range of loan products. Their local loan officers have extensive knowledge of the Auburn and South King County market, providing tailored solutions with competitive rates and exceptional customer service that has earned them nearly perfect reviews from local homebuyers.
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BECU Mortgage Services
Boeing Employees Credit Union
As Washington's largest credit union, BECU offers highly competitive mortgage rates and exceptional member service to Auburn residents. Their not-for-profit structure allows for lower fees and better terms than many traditional banks. With decades of experience serving the Puget Sound region, BECU provides comprehensive mortgage solutions including specialized first-time homebuyer programs and local underwriting expertise that understands the Auburn housing market dynamics.
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Caliber Home Loans - Washington
Caliber Home Loans, Inc.
Caliber Home Loans maintains a strong presence in the South Sound region with dedicated loan officers serving Auburn homebuyers. They're particularly recognized for their expertise in VA loans and competitive conventional financing options. Their local team provides personalized service with efficient processing and underwriting, earning high marks for communication and closing reliability. The company's national reach combined with local market knowledge makes them a top choice for Auburn area mortgages.
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Frequently Asked Questions
Common questions about mortgage lending in Auburn, WA
Are there any special down payment assistance programs for first-time homebuyers in Auburn, WA?
Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage and House Key Opportunity programs, which provide down payment assistance and competitive interest rates. These programs are particularly valuable in Auburn, where median home prices can be challenging for first-time buyers. Eligibility often includes income limits and homebuyer education.
How does Auburn's location in the Puget Sound region affect mortgage rates and loan options?
As part of the competitive Puget Sound market, Auburn borrowers generally have access to a wide array of conventional loan products from national and regional lenders. While base rates are influenced by national trends, local credit unions like BECU or Sound Credit Union often offer very competitive rates and specialized programs for members, which can be advantageous for Auburn residents.
What should I know about property taxes and insurance when calculating my mortgage payment in Auburn?
King County property taxes in Auburn are a significant component of your monthly payment, typically ranging from 0.8% to 1.0% of the home's assessed value. Furthermore, due to Auburn's mix of urban and more rural areas, flood insurance may be a required addition in certain neighborhoods near the Green and White Rivers, which can impact your total monthly housing cost.
Are there specific loan programs or considerations for buying a manufactured home in Auburn?
Yes, given the presence of several manufactured home communities in the Auburn area, it's important to note that financing differs from traditional site-built homes. You'll need a specialized manufactured home loan (often titled as personal property or "chattel" loans) unless the home is permanently affixed to owned land. Local lenders familiar with the Auburn market can best guide you through these specific requirements.
How does the appraisal process work in Auburn's diverse housing market?
Appraisals in Auburn must account for a wide variety of property types, from historic homes near the downtown core to newer subdivisions and rural properties. An appraiser will heavily rely on recent comparable sales ("comps") from specific Auburn neighborhoods, as values can differ significantly from nearby cities like Federal Way or Kent. This makes choosing a local lender with established appraiser relationships very important.
Why Choose a Mortgage Lender in Auburn?
Local Market Knowledge
Lenders who understand Auburn's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Washington.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Auburn and get competitive rates on your home loan.